Shell Presents Plans to Invest in Brazil

Multinational oil corporation Shell presented their plans to invest US$ 10 billion in Brazil over the next five years. The plan was presented by Shell Global CEO Ben van Beurde (photo), Shell Brazil CEO André Araújo, and investors from the group.

André Araújo said that the ‘positive signals’ sent by Brazil were key to attract Shell’s investments. “This is what has brought us here now. What we want, no doubt, is a very positive environment, with clear rules and a lot of transparency, which can reassure us that Brazil will remain competitive to attract investments”, he stated.

The resources announced will be allocated to the company’s current projects, such as the exploration of the Lula and Libra pre-salt fields in the Santos basin. New projects and the participation in future auctions are not included in that amount. “But we will, as we always have, keep an eye on new opportunities in Brazil in future auctions, and we hope that the country will continue ranking well so that we can continue finding new projects here”, he pointed out.